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An announcement from SKS Technologies Group Limited ( (AU:SKS) ) is now available.
SKS Technologies Group Limited has expanded its role in Australia’s booming data centre market, securing an additional $80 million of work with builder Hickory for a hyperscale facility in Melbourne’s west, lifting the total contract value to $210 million. The upgraded scope, now covering a 126MW capacity with enhanced medium and high voltage works and completion targeted for the third quarter of 2027, reinforces SKS’s position as a key player for global hyperscalers in Victoria and supports its push into the New South Wales data centre market through a new $3 million upgrade contract in Western Sydney.
These wins have driven SKS’s work on hand to $350 million, with about $240 million expected to be delivered in fiscal 2027, representing an almost eightfold increase in the order book since June 2023. The enlarged backlog underpins management’s forecasts for fiscal 2026 revenue of $340 million and a 10% pre-tax profit margin, signalling stronger earnings visibility and improved confidence for investors and other stakeholders in the company’s growth trajectory.
The most recent analyst rating on (AU:SKS) stock is a Buy with a A$4.62 price target. To see the full list of analyst forecasts on SKS Technologies Group Limited stock, see the AU:SKS Stock Forecast page.
More about SKS Technologies Group Limited
SKS Technologies Group Limited is an Australian provider of electrical technologies and digital infrastructure, specialising in the design and installation of audio visual, communications and electrical solutions. The company serves a broad range of sectors nationwide, including data centres, defence, mining, health, retail and commercial buildings, with a growing presence in hyperscale data centre projects.
Average Trading Volume: 308,735
Technical Sentiment Signal: Buy
Current Market Cap: A$630.8M
Learn more about SKS stock on TipRanks’ Stock Analysis page.